[quote=masayako]Congrats with your new house. I bought Dec, 2010 also.
Rent 1900, mortgage 2026 for a bigger house with a view… Let me think…
BUY!
We decided to just pay 126 more per month and bite the bullet. We’ve been renting and waiting for the drop for the last 5 years. That’s it. Now the dropped has come and we called it a deal. Very glad we did that at 4.5% 30yrs fix.[/quote]
Thats how I looked at it. Rent 1600 a month for 6000sqft lot 1200 sqft house. Buy with 43000 lot and 2200 house for 1867 a month. after tax break it drops me below rent at 1517 a month. Current rents in my location is 2200-2400 a month. The guy next door to me lived here 12 years before me pays 2800 a month (cashed out) and only 800 a year less in taxes and he only has a 27000 sqft lot. I am pretty happy we can roll out from here with living on 1 income.
